Fidelity lobbies SEC to approve Bitcoin ETF in private meeting
Fidelity argues that Bitcoin markets have already reached maturity under the SEC’s own standards. Go to Source Powered by WPeMatico
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El Salvador adoption a ‘coming of age’ for Bitcoin, says Fidelity exec
Fidelity’s Jurrien Timmer believes that the significance of El Salvador’s Bitcoin move is “a little bit overplayed.” Go to Source Powered by WPeMatico
Fidelity Investments Engages With Regulators to Bring Crypto Assets Mainstream
The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” He revealed, “We and others are very engaged with regulators … to bring this asset class into the mainstream.” Fidelity Sees Long-Term Interest in Crypto Assets Among Institutional Investors Fidelity Digital Assets President Tom … Read more
Fidelity Investments Purchases 7.4% Stake in Bitcoin Mining Firm Marathon
Marathon Digital Holdings has published the company’s bitcoin production and mining operation updates for the month of July and bitcoin production increased 66% month-over-month. Furthermore, the financial services giant Fidelity Investments purchased a 7.4% stake in Marathon in July, spending around $20 million for the shares. Fidelity Investments Scoops Up Shares of Marathon for $20 … Read more
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments. Poll Confirms Strong Institutional Interest in Digital Assets Despite the uncertain regulatory … Read more
Majority of institutional investors ready to buy digital assets, study says
A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing. Go to Source Powered by WPeMatico
Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’
According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Crypto Demand Pushes Fidelity … Read more
Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion
The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go … Read more
Standard Chartered, Fidelity, TP ICAP to Launch Cryptocurrency Trading Platform
Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.” TP ICAP, a leading provider of market infrastructure, announced Tuesday that it is launching a cryptocurrency trading platform … Read more
Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2.0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange experience.” TRP is backed by big banks like Fidelity Investments, Standard Chartered, and … Read more
